RECEIVER BOND

A receiver's bond guarantees that the individual appointed as receiver
to hold and dispose of debtor funds and property, does so honestly,
properly liquidates and disburses assets, or competently rehabilitates a
business concern, and renders an appropriate accounting of those
activities to the Court.

Receiver bonds very rarely require collateral security other than a
general indemnity agreement signed by the applicant. The appropriate
application forms are below.